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Exploration Development 2001 P

  • 06/12/2001 -- Kværner gets contracts to equip Laminaria field, Santa Fe semis
    Kværner AS has clinched contracts from Australia's Woodside Energy Ltd., and Santa Fe International Corp. worth $29 million. For Woodside, Kværner will supply an $11 million subsea production system for the Laminaria development. For Santa Fe, it has an $18 million contract for two riser systems for semisubmersibles.
  • 06/08/2001 -- Bush administration to enforce roadless rule despite legal woes
    US Forest Service Chief Dale Bosworth this week sought to clarify that his agency will enforce a controversial roadless rule that industry maintains would block sizeable oil and gas reserves from development. Bush administration officials however have made clear they may retool the guidelines this summer.
  • 06/08/2001 -- UK oil business looks both ways
    On May 31, the UK government-industry task force spearheading initiatives to help sustain the country's offshore oil and gas industry, Pilot, rolled out the next fields for prospective development under Logic, its "satellite accelerator" scheme: the North Sea Don (Northeast, Southwest, South), and Don West fields.
  • 06/07/2001 -- Georgia near approval for Baku-Ceyhan oil export line
    Construction of the $2.8 billion Baku-Tiblisi-Ceyhan oil export trunkline could begin in the second quarter of 2002 if Georgia grants a right-of-way, Socar said Wednesday. Twelve months of detailed field engineering work on the 1,743 km pipeline is set to start June 20, he said, if Georgia approves the route.
  • 06/06/2001 -- PanCanadian strikes oil on Buzzard prospect in UK North Sea
    PanCanadian Petroleum Ltd., Calgary, Wednesday said the Buzzard prospect discovered oil in the UK North Sea, 100 km northeast of Aberdeen, and appraisal drilling is expected later this year. The well was drilled in 320 ft of water and encountered an oil column of 360 ft. During testing, the well flowed 6,547 b/d of light oil.
  • 06/06/2001 -- BP awards Shah Deniz platform design to Technip
    BP PLC's plans to develop its giant Shah Deniz gas condensate field in the Caspian Sea moved ahead Tuesday with the award to Technip SA of a front end engineering design contract based on the French contractor's TPG 500 production jack-up concept.
  • 06/05/2001 -- Firm focuses on over and under pressured gas exploration
    The Gas Technology Institute, Des Plaines, Ill., and Surdam Consulting Inc., Laramie, Wyo., have formed Innovative Discovery Technologies LLC to help develop over and underpressured gas zones in basin center and deep basin settings.
  • 06/04/2001 -- Triton makes another find in Equatorial Guinea block
    Triton Energy Ltd., Dallas, has made another discovery on Block G off Equatorial Guinea. The company said the find could potentially produce more oil than Ceiba field on the same block.
  • 06/01/2001 -- ONGC gets 16 of 23 blocks in Indian licensing round
    India's state-owned Oil & Natural Gas Corp. and its partners have bagged 16 of the 23 exploration blocks offered in the second round of bidding under the New Exploration Licensing Policy (NELP).
  • 06/01/2001 -- BP has another gas find off Egypt's Nile Delta
    BP PLC unit BP Egypt made a second gas discovery in the North Alexandria concession off the Nile Delta. BP found hydrocarbons in the concession with the Taurus-1 well in late 2000, the company said.
  • 05/31/2001 -- Lundin Oil strikes oil 3 km from Sudan discovery
    Lundin Oil AB, Vancouver, announced Thursday a Sudan appraisal well drilled 3.1 km from the Thar Jath-1 discovery established 100 m of net pay. Lundin Sudan Ltd., a Swedish oil company, is operator with a 40.4% interest in Block 5A.
  • 05/31/2001 -- Gov. Knowles lobbies Canadians on trans-Alaska gas line
    Alaska Gov. Tony Knowles is visiting Ottawa to brief Canadian officials on the merits of a proposed Alaska Highway-route pipeline. Knowles said North America's gas demands are high enough to justify construction of two pipelines to move arctic gas, one across Alaska and one from the Mackenzie Delta in Canada.
  • 05/30/2001 -- Burullus awards pipelaying contracts for offshore Egypt fields
    The Burullus Gas Co. joint venture has awarded Stolt Offshore SA a $145 million contract for subsea construction and pipelay work on the Scarab and Saffron gas fields offshore Egypt.
  • 05/30/2001 -- Explorers find key to gas reserves in Australia's Otway basin
    The Otway basin on and off western Victoria and southeastern South Australia, plus offshore Tasmania, has emerged as a prime exploration province with five recent discoveries. The latest, Origin Energy Ltd. group's Thylacine 1 offshore Victoria, may have up to 1 tcf in place.
  • 05/29/2001 -- Oman awards Novus two exploration blocks near discoveries
    Oman has awarded two more exploration blocks to Novus Petroleum Ltd., Sydney. Novus will operate with 100% Blocks 15 and 47, which are 100 km southwest of Muscat. They cover 10,000 sq km and are near the Khatma and Hafar gas-condensate discoveries.
  • 05/29/2001 -- Iraq discovers oil and gas in the Western Desert
    Iraq has announced separate oil and gas discoveries in its Western Desert, the Organization of Petroleum Exporting Countries' news agency reported. It planned to drill more wells near the oil discovery. The country released no details on the gas discovery.
  • 05/25/2001 -- Northrock Resources to offer $93 million for Tethys Energy
    Unocal Corp.'s Canadian subsidiary, Northrock Resources Ltd., will make a take-over bid to acquire Tethys Energy Inc., Calgary, for $93 million. Northrock intends to mail the offer to Tethys shareholders by June 4 with closing expected in mid-July. The Tethys board unanimously supports the offer.
  • 05/25/2001 -- Petrobras, Repsol-YPF to invest $1.7 billion in Albacora field
    Petroleo Brasileiro SA (Petrobras) and its 10% partner Repsol-YPF SA will invest $1.7 billion to develop Albacora Leste (Albacora East) field, in Campos basin off Rio de Janeiro state, Brazil.
  • 05/24/2001 -- Nova Scotia plans energy strategy forum
    Canadian and international energy officials will meet in Halifax June 14 at a forum to discuss the Nova Scotia government's process of developing an energy strategy. Discussion will include opportunities for Nova Scotia's sales of oil, gas, and electricity to the northeastern US.
  • 05/23/2001 -- Vaalco Energy to get acreage around Etame field off Gabon
    Gabon officials approved the creation of a production area surrounding Etame field for Vaalco Energy Inc., Houston, within Etame block off Gabon. The 50 sq km production area will become effective upon the issuance of a government decree next month, entitling the Vaalco-led consortium to develop Etame field. The block holds a 3,700 b/d oil discovery drilled in 1998.

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